business
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Dangote Refinery Set to Export Two Fuel Cargoes
The Dangote Petroleum Refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, trading sources with knowledge of the matter. Nigerians have…
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Naira Slides to 1565 Against Dollar in Parallel Market
The naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,510 per dollar on Tuesday. Similarly, the naira yesterday depreciated to N1,503.38 per dollar in the Nigerian…
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Famine Threatens as Sokoto Traders Flood Niger Republic’s Markets with Local Rice
In spite of the Federal Government’s repeated assurance of bringing down the prices of foodstuffs in the markets, some grain marketers, especially rice merchants in Sokoto State, have commenced massive…
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Naira Hits Record Low Against Dollar: Exchanges at N1,534 in Official Market
The closing exchange rate between the naira and dollar on the official NAFEM market reached N1,534/$1 on Monday, February 12th, 2024, marking the weakest performance ever recorded for the naira…
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Dangote Refinery Poised to Supply First Fuel Within Weeks
Dangote Refinery is due to deliver its first fuel into the local market within weeks, four sources confirmed to Reuters, in a key milestone towards long sought energy independence for…
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NAFDAC Seals Three Factories, Seizes Banned Products Worth N6m in Jos
The National Agency for Food and Drug Administration and Control (NAFDAC) yesterday began the enforcement of its ban of alcoholic beverages packaged in small sachets across the country. NAFDAC’s Assistant…
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